Nokia managed to ship more than 2.9 million Lumia devices this last quarter which, coupled with other cost-cutting initiatives including laying off staff, have meant it has been able to diminish losses.

Of course, it’s too early to say Nokia is completely on the road to recovery but the signs are at least positive. And let’s not forget that the manufacturer could still benefit hugely from the arrival of Windows Phone 8, having invested heavily in Microsoft’s new operating system, most notably with the Nokia Lumia 920.

While Nokia’s plight has provided a lesson for all manufacturers, Pocket-lint for one hopes the once king of the mobile world makes a recovery. A mobile space without Nokia would be a very empty space indeed.

What do you think? Is Nokia on its way back from the brink? Let us know in the comments below...